3 ms·
> One of the top 10 principles of economics is, don't silence prices in order to transfer incomes. My Google-fu can't find this dictum anywhere. Is it usually
by SamBam 6y ago
> One of the top 10 principles of economics is, don't silence prices in order to transfer incomes.
My Google-fu can't find this dictum anywhere. Is it usually said in some other form?
- willdearden 6y agoProbably comes from the first and second theorems of welfare economics: https://en.wikipedia.org/wiki/Fundamental_theorems_of_welfare_economics https://en.wikipedia.org/wiki/Fundamental_theorems_of_welfar...